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I'm feeling slightly less animated today about potential outcomes. The buzz around the rise of POFCY ADR has not been mirrored by the bonds, which I would expect to be soaring if there was real info out on the street. Fingers crossed for Asfari pulling a rabbit out of the hat. A million a penny is his incentive.

Why aren't they looking to pay out dividends? That would transform the share price. I'm intrigued by the autotrades on this stock. Means it is on someone's radar.

Open out ADR chart to 2/3 years and compare it to SP chart for same period. Follows same undulations and can see equivalence. 0.6 ADR is equal to about 90p.

I'd be a tad more confident if bonds on the Boerse were rising too. Been stuck on 22/100 for a few days now. But surely 800% rise is more than a P&D. Was mentioned by Timothy Sykes (a self styled pennystock guru) so that will have accelerated any rise. https://x.com/timothysykes?lang=en

Ah Snapper. There is no point bad mouthing the company anymore. We can't sell our shares. They are suspended. You won. You got the share price down to 10.5pence. Down 85% in a year. You can give up now, job done. Our pension pots are bereft. Let PFC fold in to inexistence in peace. You won. xx

Asfari on pretty much a million a penny. He must have been in despair over the last year watching the stock plummet. He will be looking for (and working toward) revenge!!

Sorry 12th oct 23

To my understanding POFYC ADR is vehicle to mirror ebb and flow of PFC SP not to equate to SP per se. Last time ADR was at this closing price - 40cents - was on 23/10/23. The PFC SP was 50p at this date. So x5 suspension price. I imagine word is out and shorters have bought on ADR to try and make money on the rise to counter losses they are about to suffer. ie. a convenient hedge. Every chance we will open higher than 50p.

Would love to see another bond sale go thru today. I will be keeping an eye on that and also on POFCY when trading opens this afternoon. Can it maintain volume as well as price?

That's the PR department's 10 minutes work done for this week! Keeping the brand up. Time to put the kettle on now.

DanC - Looks like it might just be a rumour as POFCY is starting to wobble. Your sanity might just be saved whereas mine...!..!

If this goes to 150p tomorrow I'll literally be retiring in a week!! I held for four reasons 1) order book of 8billion 2) Asfari was in deeper than anyone else and would need to save his skin 3) TLW debt situation was way worse and survived 4) I'm stupid. Here's hoping 4) is not confirmed..

POFCY settling and valuing us just shy of a billion dollars. £750m or 150p per share. This is some rumour/news. Given the debt does £1.25bln for PFC seem a good deal?

Now at 22. Up from lows of 13.5 just after date of suspension. 2/5. Still trading.

Shahz. I'm in agreement, a high PI contingent will defo be a red flag for me moving forward! PFC was a basket case a few years ago with the SFO investigation, it is here that PIs took the majority holding (especially with O&G out of favour for instititutes). Somehow the company has turned it around with the Tennet contract. If the MEED report on Algeria £1bill contract true then the company really is on a forward track. The investment industry now wants to take PFC from the PI and that is what this whole play is. It's going to need a left field solution. COME ON ASFARI!!!!

Asfari is still our main weapon in finding a way out. That and ME connections.

His shares have lost on £100million in the last two years at current market price. I repeat £100million.

Thus there is huge incentive to find a way to salvage share price from inside the BOD.

I still look at tullow who managed to secure $2b in debt in a huge restructuring.

A third of that from a ME guardian angel would see PFC moving forward.

The SP decline has been (justifiably?) amplified by the shorts, the BOD need to step up now and the pressure for the performance guarantees will help them focus hopefully and put us in a better place moving forward. That said our chair Medori has been on the board since 2012 and look what has happened during his tenure. He needs to fall on his sword as soon as things are crystallised.

Kept my money in.

It is already horribly diluted. 30% on the day.

Nearly 50% of creditors happy to take equity. The company has convinced them. Probably not to hard with an 8 billion order book.

Equity already at 96% discount to 5 years ago. 80% to a year ago. 65% to 6 months ago. 40% to just a month ago.

Shorts have already pushed this in to creditors hands at bargain level. Creditors saying thank you very much. Can shorts make any more?

I'm no guru at this but interesting chart. A MACD Bullish divergence has formed since Jan/Feb with a tight channel down. Looks good but could retreat to 4.8 before a reverse.

https://ibb.co/q9D9Lwk

Predictions - Down to 4.8, up to 13. Retrace to 9 then up to 20. Continuing pattern of pullbacks before higher highs as gold comes out of the ground. 40p target for me. Down from my 44p target a few years back!

This has been one tough share to be invested in though I have found it very interesting as I've probably not be so engaged in a miner's unfolding story before. Bought more today at 5.6p.

All auto trades still to the buy side. This will keep rising.